Robert wants to use the name "Sunrise Properties" and determines that name is available. So, part of selecting a name involves checking the state's records to be sure another company is not already using the desired name. State laws prohibit a company from using a name that is already being used by another company. This requires the business to choose its legal name.
REGISTER MY BUSINESS REGISTRATION
To do so, he must file certain registration documents with the appropriate state agency. One option for Robert is to create a corporation or an LLC. In time, Robert acquires more properties and decides he wants a new name for his business. He begins by operating as a sole proprietorship and uses the name "Robert Hansen, Property Rentals" for the business. In our example, Robert Hansen opens a residential home rental business after buying one house for this purpose. To illustrate the possibilities, we will explore the various options of a fictional business. The choices may vary depending upon whether the business is structured as a sole proprietorship, some form of partnership, an LLC, or a corporation. Not all businesses can use all three of these methods, and some may use more than one. Register the business name as a federal trademark.
Register the business name as an assumed name or DBA ("doing business as").ģ. Form a business entity, such as a corporation or limited liability company (LLC).Ģ. The three ways a business may register a name are:ġ.
There are several ways to accomplish this.ĭetermining the best way to register a business name will take into consideration several factors, such as the business structure, the geographical area in which the company will operate, and the extent of protection needed. After choosing a business name for your new company, you will want to register it to prevent others from using it.
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